SANTA CLARA, California, May 16, 2018 /PRNewswire/ -- Regulatory guidelines and budgetary constraints have long shaped grid investments, placing the primary focus on ensuring that the electric grid is available at all times and is resilient to any disruption. Until now, this task has been relatively predictable. As more people gain access to and embrace disruptive devices living in smart homes, driving electric vehicles, and powering life with distributed energy resources, several questions arise: To what degree are utilities prepared to manage changes? What role and influence will they have in the future?

The utility industry is known to be risk adverse, entailing a fairly long decision-making process for adopting new solutions. This can be a rather cost-prohibitive and time-consuming affair, especially for new market entrants, requiring steady advanced cash flow to participate. In the meantime, households and communities are moving ahead independently with adoption and are becoming more comfortable with smart and automated solutions that not only promote sustainability but also provide cost-effective options.

"Grid modernization initiatives or smart grid have been in progress for almost more than a decade in North America, driven in part by the concern for aging infrastructure, the ability to manage peak power load, as well as address growing interest for energy conservation and carbon neutralization," stated Saeed. "Unfortunately, existing services are often too rigid to support rapid innovation or trade high levels of quality assurance for deep application integration."

The webcast aims to provide insight into future investments in the electric grid space in North America.

Key takeaways of the webcast include:

Receiving an in-depth view of emerging and cutting-edge solutions that are transforming the digital grid space

Learning about grid modernization initiatives

Obtaining insight on key stakeholders to determine who would be ideal strategic partners

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